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Sold for $1,260,000 on 11/03/22
  • $1,260,000

    409 Gardner St, Raleigh, NC 27607

    --beds
    --baths
    --sqft
    Single Family Residence, Multi Family
    Built in 1930
    -- sqft lot
    $1,343,700 Zestimate®
    $--/sqft
    $2,272 Estimated rent

    What's special

    This property is offered AS IS. Located in the urban core of Raleigh, N.C., this six unit building is uniquely situated inside the beltline across the street from Raleigh’s Rose Garden, and is within walking distance of N.C. State University. The property features (4), two-bedroom units on the main floor and (2) one-bedroom units on the lower level. There is a common laundry room in the basement shared by all residents. This property is well-positioned for value-add improvements. Buyers should research land values in the neighborhood and the potential to subdivide the lot. Owner pays water and is approximately $340 per month. Tenants pay all other utilities. Lease Exp. & Current Rents: Unit 405: 9/30/2022 ($1,175), Unit 407:VACANT ($1,300 Estimated Market Rent), Unit 409: 3/31/2023 ($850), Unit 411: 6/30/23 ($1,275), Unit 413: 3/31/23 ($1,175), Unit 415: 4/30/23 ($700)

    Zillow last checked: 7 hours ago

    Listing updated: July 15, 2025 at 10:43pm

    Listed by:

    Daniel Pogue 919-847-1117,

    Deaton Investment Real Estate,

    Thomas Furlow 919-412-3913,

    Deaton Investment Real Estate

    Bought with:

    Thomas Furlow, 222598

    Deaton Investment Real Estate

    Source: Doorify MLS,MLS#: 2473787MLS Logo

    Facts & features

    Interior

    Heating
    • Electric, Forced Air, Heat Pump, Natural Gas
    Cooling
    • Central Air, Electric, Heat Pump, Window Unit(s)
    Features
    • Flooring: Hardwood, Vinyl
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: Off Street
    Features
    • Has view: Yes

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Single Family Residence, Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Raleigh
    • Subdivision: Not in a Subdivision
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,343,700

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,343,700